Cisco earnings top estimates, warns more job cuts are coming

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Cisco Systems (CSCO) reported fiscal fourth quarter results that topped Street estimates on both the top and bottom lines. Adjusted earnings of $0.87 per share was better than the expected $0.85. Revenue of $13.64 billion topped the Bloomberg estimate of $13.53 billion.

For the full year, the company sees revenue in a range of $55.0 billion to $56.2 billion, compared to an estimate of $55.67 billion.

Cisco also warned that it expects to cut more jobs in the future.

Market Domination Overtime anchors Julie Hyman and Josh Schafer discuss the tech giant's results.

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This post was written by Stephanie Mikulich.